An Introduction to Project Management, Sixth Edition by Kathy Schwalbe

Author:Kathy Schwalbe
Language: eng
Format: azw3
Tags: Microsoft Project 2016, Project Management.Software, Project Management
ISBN: 9781544701899
Publisher: CreateSpace Independent Publishing Platform
Published: 2017-09-08T04:00:00+00:00

As you can see, risk management planning addresses procurement-related topics, such as preparing risk-related contractual agreements. The following section addresses planning project procurement management.

PROJECT PROCUREMENT MANAGEMENT

Project procurement management includes acquiring or procuring goods and services for a project from outside the organization. As the business world continues to become more competitive and global, more and more projects include procurement. Many project managers realize the advantages of buying goods and services required for their projects, especially as sellers with better goods and services continue to become increasingly available. They also realize that they can find qualified sellers throughout the world. Remember that project managers strive to do what is best for the project and the organization, and that often means acquiring goods and services from the outside. Good procurement management often provides a win-win situation for both buyers and sellers.

Planning project procurement management involves documenting procurement decisions, specifying the procurement approach, and identifying potential sellers. Key outputs include procurement management plans, procurement strategies, bid documents, procurement statements of work, source selection criteria, make-or-buy decisions, independent cost estimates, change requests, project documents updates, and organizational process assets updates. Several of these outputs are described in this section.

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